Understand this story
On October 22, 2026, NVIDIA CEO Jensen Huang told CNBC during GTC Berlin that a memory supply glut is unlikely before 2029, and that HBM will still be used for many years to come. He also said NVIDIA was the first to put LPDDR memory used in phones into data centers, with twice the energy efficiency of any solution today. The remarks came as memory stocks were sold off after a Korean media column on October 15 warned of new supply flooding in by 2029 and the market turning into a red ocean, and ChangXin Memory Technologies' new architecture also heightened investor concerns. Huang said he is open to cooperating with ChangXin Memory Technologies and believes U.S. export controls have accelerated the development of China's semiconductor capabilities. The remarks were reported by CNBC Technology, and there are no subsequent developments as of now.
AI-generated from public reports
Latest development · Report
NVIDIA CEO Jensen Huang: No sign of memory oversupply in 2029; there is never too much memoryDevelopments
1 confirmed developments
Jensen Huang says a memory supply surplus is unlikely before 2029
Source:CNBC Technology
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Oct 22
CNBC Technology
NVIDIA CEO Jensen Huang: No sign of memory oversupply in 2029; there is never too much memory
NVIDIA CEO Jensen Huang told CNBC during GTC Berlin that an oversupply of memory is unlikely before 2029, that HBM will still be used for many years to come, and that NVIDIA was the first to put the LPDDR memory used in phones into data centers, with twice the energy efficiency of any solution today. The remarks came as memory stocks were sold off after a Korean media column on October 15 warned of a flood of new supply in 2029 and the market turning into a red ocean, while ChangXin Memory Technologies' (CXMT) new architecture also heightened investor concerns. Huang said he is open to cooperating with CXMT, and believes U.S. export controls have accelerated the development of China's semiconductor capabilities.